AXOS FINANCIAL, INC. AX Cash Flow

Axos financial, inc. (AX)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
178,772	161,536	159,076	155,131	151,614	164,046	156,869	152,411	147,843	137,584	138,226	134,740	131,918	126,838	122,687	119,291	113,959	99,119	90,342	82,682	74,297	67,833	61,615	55,956	51,078	46,870	43,484	40,291	37,724	35,040	31,932	29,476	26,454	24,013	22,280	20,579	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of discounts on securities
-	-	-	-	-	-	-	-	-	1,673	2,151	2,766	3,807	4,669	5,056	5,276	5,017	4,947	5,216	5,517	6,288	6,937	7,798	8,340	8,380	8,188	7,716	7,687	8,048	8,635	9,963	11,177	12,409	13,974	15,545	16,663	0	0	0
Net accretion on securities and loans and leases
34,763	29,856	29,778	30,176	30,437	30,090	30,358	29,381	32,912	7,800	5,962	4,859	667	-2,047	-1,990	-959	-666	-2,117	-1,397	27	1,036	1,974	2,825	2,647	3,401	3,172	3,384	3,443	2,928	2,676	2,288	1,950	8,451	6,491	4,960	3,861	0	0	0
Amortization of borrowing costs
208	208	208	208	208	209	208	208	209	207	208	208	209	174	124	72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Amortization of operating lease right of use asset
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
22,249	22,125	21,549	23,439	25,195	23,891	23,591	20,399	16,756	15,771	15,157	14,535	13,820	12,660	12,105	11,326	10,331	8,749	7,586	6,648	5,999	5,298	4,712	4,358	4,008	3,830	3,555	3,297	3,078	2,854	2,631	2,493	2,467	2,402	2,343	2,153	0	0	0
Tax benefit from exercise of common stock options and vesting of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,112	7,182	7,297	5,526	3,175	3,229	3,491	4,856	4,361	4,400	3,937	2,332	0	0	0	-	-	-	-	-	-	-	-
Valuation of financial instruments carried at fair value
-	-	-	-	-	-	-	-	-	-	-	743	832	445	-207	-248	-1,064	-156	-285	-234	1,054	316	453	955	405	811	1,294	1,273	1,211	1,057	1,192	785	1,514	1,250	807	651	0	0	0
Net (gain) loss on sale of investment securities
842	842	842	709	-133	-234	-433	-18	978	1,391	3,212	3,920	3,432	3,106	2,417	1,427	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charge on securities
-	-	-	-	-	-	-	156	282	650	1,993	1,964	2,254	1,894	567	565	310	1,009	1,270	2,365	2,843	2,854	3,443	2,802	3,434	3,252	3,199	3,501	2,510	3,185	3,080	2,803	3,009	1,971	1,708	1,541	0	0	0
Provision for loan and lease losses
38,500	29,000	29,450	27,350	28,450	26,350	25,400	25,800	22,099	10,061	10,161	11,061	12,762	9,900	9,200	9,700	10,700	11,600	11,100	11,200	10,550	9,250	7,350	5,350	4,600	4,550	5,500	7,550	8,150	8,600	8,250	8,063	7,413	6,563	6,563	5,800	0	0	0
Deferred income taxes
-7,918	-9,824	-8,178	-8,686	-4,833	1,653	8,131	17,034	9,528	10,795	1,240	-2,220	-5,456	-594	-2,057	-6,647	-6,403	-8,606	-7,714	-8,818	-7,552	-6,341	-4,360	-2,040	-3,293	-3,944	-3,659	-4,618	-6,544	-4,133	-2,853	-2,328	2,244	3,066	1,955	-226	0	0	0
Origination of loans held for sale
1,557,135	1,552,778	1,496,751	1,471,906	1,489,833	1,460,804	1,536,863	1,564,165	1,566,389	1,547,480	1,470,617	1,375,443	1,292,083	1,303,028	1,325,829	1,363,025	1,482,531	1,485,489	1,129,643	1,048,982	939,713	832,186	746,428	741,494	794,272	927,830	1,017,841	1,085,941	982,274	881,808	829,049	664,622	551,455	395,362	246,614	216,868	0	0	0
Unrealized (gain) loss on loans held for sale
1,072	456	365	252	-138	-65	94	253	262	-243	-260	-222	-863	147	411	97	769	29	-310	-119	-55	-131	-101	-179	-627	-1,278	-1,186	-284	-32	645	755	549	810	889	543	350	0	0	0
Gain on sales of loans held for sale
17,184	14,508	13,095	11,427	13,319	16,043	19,283	19,489	18,043	16,204	17,099	18,771	23,490	26,278	27,868	26,616	24,896	27,085	22,696	21,057	17,838	15,618	15,744	17,007	20,836	22,587	23,888	24,367	21,932	20,282	17,624	16,159	13,078	8,819	8,152	4,953	0	0	0
Proceeds from sale of loans held for sale
1,550,699	1,542,524	1,500,817	1,481,911	1,522,956	1,492,911	1,550,949	1,576,353	1,585,897	1,596,310	1,522,233	1,433,068	1,376,190	1,350,432	1,400,754	1,427,986	1,518,015	1,548,626	1,151,679	1,114,097	926,911	830,913	733,910	727,265	872,571	991,901	1,088,507	1,081,954	937,744	753,429	662,365	590,066	483,646	407,874	311,456	214,261	0	0	0
Change in fair value of mortgage servicing rights
5,178	3,780	3,756	3,362	2,324	558	91	83	40	712	29	-31	127	474	965	889	539	285	415	265	184	-14	-50	-45	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of other real estate and foreclosed assets
148	152	241	283	295	466	366	258	234	40	56	42	29	33	52	145	478	427	369	283	-55	547	326	350	1,020	136	338	372	-3,978	-3,595	-3,310	-1,878	2,759	3,836	3,594	2,116	0	0	0
Depreciation and amortization
22,584	21,152	18,679	16,471	14,203	11,462	9,842	8,574	7,497	7,025	6,489	6,094	5,795	5,553	5,140	4,795	4,238	3,796	3,564	3,273	3,064	2,940	2,870	2,874	2,786	2,535	2,288	1,904	1,618	1,472	1,355	1,316	1,231	1,065	841	618	0	0	0
Net changes in assets and liabilities which provide (use) cash:
Accrued interest receivable
-	-	4,874	-	-	-	10,812	6,082	5,771	4,668	5,958	-4,511	-1,736	3,382	-2,002	6,070	5,971	5,087	6,996	6,405	6,414	4,678	6,196	4,100	2,792	1,437	1,219	1,891	1,258	1,231	2,054	1,295	1,885	703	485	1,537	0	0	0
Securities borrowed
-73,351	10,216	131,076	-13,192	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer, broker-dealer and clearing receivables
-65,547	27,503	78,312	-13,684	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-27,927	-16,161	4,430	15,264	45,362	23,306	33,597	40,988	44,326	22,348	5,709	-807	-20,476	-12,313	3,232	9,539	11,335	30,585	14,208	17,953	16,025	3,565	3,306	1,224	-2,726	1,825	-7,447	-3,466	-7,353	-9,644	2,694	163	5,995	5,882	-667	-1,213	0	0	0
Accrued interest payable
-	-	282	-	-	-	1,028	469	203	-183	-924	-383	-205	438	1,105	401	333	-48	-51	-84	-64	-272	-460	-324	-327	-249	-206	-128	-203	-440	-165	-435	-155	82	85	258	0	0	0
Securities loaned
-124,987	3,158	134,829	-4,685	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer, broker-dealer and clearing payables
72,893	65,559	58,391	-1,506	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and other liabilities
1,056	-4,223	8,729	9,883	1,189	26,479	13,590	27,650	24,351	2,591	846	466	-3,559	-603	76	9,513	10,369	18,213	25,470	10,453	17,427	3,327	-2,293	5,917	-965	8,135	16,673	5,767	6,833	3,797	5,258	7,837	7,315	2,977	5,190	3,768	0	0	0
Net cash provided by (used in) operating activities
299,772	217,543	182,323	204,421	176,154	216,501	158,540	167,915	145,491	179,986	184,522	198,498	235,109	182,948	192,323	166,903	124,201	123,259	98,646	116,102	42,554	46,748	20,247	21,319	102,582	87,088	108,077	15,750	-21,323	-103,878	-154,372	-56,271	-53,622	21,685	78,144	4,115	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment securities
317,752	217,590	184,851	146,886	92,259	114,011	109,195	100,503	138,672	212,036	256,453	249,909	194,241	157,618	177,106	161,395	166,317	106,392	19,453	10,464	19,446	16,000	39,788	83,033	117,167	124,076	115,540	79,533	36,161	56,856	60,603	78,367	72,606	138,118	266,745	284,034	0	0	0
Proceeds from sales of securities
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of available-for-sale securities
-	-	-	-	-	-	-	52,714	89,696	88,537	143,904	161,048	129,328	126,152	40,813	14,969	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,523	0	0	0
Proceeds from repayment of securities
328,806	220,619	195,721	93,779	54,100	82,026	80,579	139,338	254,269	326,615	347,297	307,456	204,775	113,111	99,763	80,009	73,199	73,413	77,924	80,546	77,677	71,273	86,390	88,086	96,411	104,305	84,371	88,106	86,532	102,651	103,130	118,409	116,668	191,787	302,094	323,636	0	0	0
Purchase of stock of regulatory agencies
74,968	134,279	134,645	204,206	186,005	131,425	103,527	33,966	32,631	35,355	36,057	66,294	94,803	99,242	139,598	136,952	150,119	117,669	76,611	60,870	28,676	29,502	39,419	34,221	23,666	24,344	20,605	14,868	13,378	12,567	8,882	8,437	3,722	3,029	536	66	0	0	0
Proceeds from redemption of stock of regulatory agencies
70,817	133,684	186,462	203,611	235,741	177,382	97,074	79,923	21,507	26,499	26,499	60,210	91,914	112,310	148,751	146,099	142,124	95,242	64,334	37,370	12,837	20,371	19,726	19,201	18,162	13,252	10,265	7,798	6,615	4,812	3,615	3,220	2,936	2,766	2,760	2,751	0	0	0
Origination of loans and leases held for investment
6,750,905	6,381,872	6,836,039	6,756,832	6,721,192	6,726,268	6,303,029	5,895,902	5,622,145	4,433,789	4,137,273	4,068,990	3,946,699	3,767,555	3,643,518	3,582,766	3,520,867	3,393,238	3,243,787	3,242,828	3,029,109	2,841,518	2,640,365	2,297,976	1,898,220	1,561,419	1,215,962	953,012	875,005	807,375	687,913	732,820	777,866	784,844	794,507	608,901	0	0	0
Proceeds from sale of loans and leases held for investment
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of mortgage warehouse loans, net
-	-	158,871	-	-	-	9,439	26,899	80,770	80,770	80,770	113,711	54,625	47,219	90,491	51,145	4,599	79,085	40,138	29,083	71,405	4,325	0	0	-4,393	-50,750	29,634	101,612	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of other real estate owned and repossessed assets
1,101	1,108	2,065	2,202	1,983	2,451	2,153	1,832	1,766	1,108	378	367	291	182	902	1,478	2,853	2,881	2,087	1,518	226	979	2,608	2,724	3,490	4,216	2,843	3,151	3,383	2,890	5,500	8,401	7,570	8,133	5,880	3,484	0	0	0
Purchases of loans and leases, net of discounts and premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,541	1,541	1,541	1,541	0	14,102	20,724	44,115	124,784	0	0	0
Principal repayments on loans and leases
5,580,615	5,387,182	5,790,272	5,846,349	5,676,184	5,553,527	5,072,075	4,818,558	4,659,650	3,708,734	3,520,583	3,427,818	3,195,014	2,700,494	2,450,691	2,253,017	2,259,624	2,117,351	1,985,078	1,847,665	1,530,553	1,284,029	1,117,121	990,305	958,260	848,950	719,989	541,076	431,791	395,266	314,088	278,240	214,362	181,246	171,246	163,348	0	0	0
Purchases of furniture, equipment and software
13,252	15,183	20,066	20,082	20,253	17,044	12,171	11,817	10,856	10,599	9,508	8,758	8,670	10,244	11,548	10,239	9,195	6,772	4,526	5,117	4,496	4,062	3,638	3,163	2,652	3,090	3,405	3,914	4,354	3,509	3,025	2,571	2,447	2,683	3,665	3,150	0	0	0
Net cash used in investing activities
-1,255,549	-1,041,744	-991,635	-931,741	-1,086,154	-1,258,224	-1,278,307	-1,026,005	-826,062	-858,818	-719,169	-788,731	-897,720	-1,119,856	-1,411,952	-1,537,536	-1,506,093	-1,397,497	-1,248,005	-1,374,176	-1,522,541	-1,518,850	-1,497,460	-1,318,172	-960,989	-688,681	-564,903	-511,574	-505,354	-444,612	-323,630	-329,946	-437,609	-549,597	-611,065	-511,193	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits
911,883	1,773,819	3,136,937	997,823	691,698	947,287	-1,101,212	1,085,843	1,164,126	782,559	854,988	855,456	751,600	1,410,708	1,568,450	1,592,134	1,679,259	1,194,571	1,493,606	1,410,381	1,535,796	1,602,306	1,068,792	949,537	730,040	434,824	339,993	476,911	527,463	415,035	358,813	274,763	309,676	436,860	502,434	372,145	0	0	0
Net (repayment) proceeds of the Federal Home Loan Bank term advances
0	0	0	-	-	-	0	-	-	-	-	-	-	-454,000	-247,000	70,000	1,228,000	1,000,000	356,000	734,000	759,000	793,000	1,502,000	950,000	742,417	566,417	437,417	327,417	292,000	310,000	210,000	225,000	298,000	264,000	278,000	332,000	0	0	0
Net (repayment) proceeds of the Federal Home Loan Bank term advances
-	-	132,500	147,500	147,500	157,500	45,000	30,000	25,000	15,000	95,000	95,000	-690,000	-399,000	-209,000	35,000	953,000	912,000	610,000	891,000	768,000	852,000	1,083,000	630,417	610,417	364,417	185,417	159,000	191,000	113,000	93,000	108,000	125,000	198,000	241,000	210,000	0	0	0
Net (repayment) proceeds of Federal Home Loan Bank other advances
-312,000	100,000	2,015,000	-149,000	377,000	43,000	-2,225,000	153,000	-32,000	107,000	160,000	-8,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds (repayments) of other borrowings
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Tax payments related to settlement of restricted stock units
9,143	8,425	8,826	9,916	11,409	11,528	11,481	9,952	8,080	7,964	7,669	6,532	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from exercise of common stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151	926	926	928	781	260	263	265	500	256	478	474	260	297	134	747	726	1,025	1,411	798	922	0	0	0
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,120	35,908	58,160	71,427	75,985	75,217	63,866	62,246	41,576	27,556	23,420	6,655	6,765	0	0	0	-	-	-	-	4	0	0	0
Proceeds from issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,487	19,487	19,487	11,584	0	0	0	0
Excess Tax Benefit from Share-based Compensation, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	432	144	116	136	2,531	7,112	7,182	7,293	5,526	3,175	3,229	3,495	4,856	4,361	4,400	3,937	2,332	1,089	937	912	740	542	747	708	663	0	0	0
Cash dividends paid on preferred stock
309	309	309	232	309	309	309	309	309	309	309	309	309	309	309	309	309	309	309	309	309	309	308	309	890	1,137	1,138	1,137	857	969	968	969	668	310	310	309	0	0	0
Net cash provided by financing activities
1,046,637	1,593,829	977,665	961,838	182,298	680,181	1,021,815	837,399	1,092,855	589,328	567,514	747,047	845,814	1,360,070	1,450,837	1,634,486	2,048,896	1,348,530	1,318,945	1,325,364	1,580,139	1,550,355	1,478,490	1,250,743	843,315	643,977	610,465	662,092	644,309	615,689	487,751	412,591	506,408	537,542	552,217	497,925	0	0	0
NET CHANGE IN CASH AND CASH EQUIVALENTS
90,860	769,628	168,353	234,518	-727,702	-361,542	-97,952	-20,691	412,284	-89,504	32,867	156,814	183,203	423,162	231,208	263,853	667,004	74,292	169,586	67,290	100,152	78,253	1,277	-46,110	-15,092	42,384	153,639	166,268	117,632	67,199	9,749	26,374	15,177	9,630	19,296	-9,153	0	0	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid on deposits and borrowed funds
157,847	160,264	159,039	152,756	144,492	134,031	119,108	106,112	94,543	85,136	80,244	74,442	71,353	67,034	61,192	56,296	51,531	49,498	47,640	45,503	42,858	40,251	37,936	36,104	34,918	33,776	33,963	34,154	34,186	34,993	35,626	36,980	36,996	36,626	35,508	34,164	0	0	0
Income taxes paid
62,207	71,488	65,790	64,117	84,152	67,290	86,874	79,628	79,617	96,403	101,765	102,482	95,084	90,685	89,040	89,184	74,993	73,020	55,274	68,481	62,552	56,715	51,328	37,339	37,016	32,431	32,241	35,830	26,676	23,828	19,532	15,255	14,443	13,344	12,810	13,697	0	0	0
Transfers to other real estate and repossessed vehicles
1,125	910	836	850	2,266	2,160	10,214	10,113	8,966	8,981	760	1,982	1,481	1,393	1,681	571	563	2,071	2,661	2,484	2,548	1,053	395	1,206	2,255	4,062	5,277	4,466	4,292	2,137	1,319	1,817	2,236	9,450	10,152	11,746	0	0	0
Transfers from loans and leases held for investment to loans held for sale
89,528	88,838	92,862	106,911	88,615	89,305	85,281	31,207	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	39,799	27,227	35,480	35,480	4,654	12,430	541	541	81,029	92,736	87,940	87,940	6,911	0	0	0
Transfers from loans held for sale to loans and leases held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,141	20,091	18,956	14,529	7,237	7,237	7,127	8,200	1,471	-4,385	-505	41,177	40,779	0	0	0	-	-	-	-	-	-	-	-
Preferred stock dividends declared but not paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Loans and leases held for investment sold, cash not received
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities for obtaining right of use assets
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-